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Forex Trend Analysis Report

Prepared for you on Friday, October 30, 2020.

Malagasy Ariary/Euro (FOREX:MGAEUR)

Bear Market Rally (-75) - MGAEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAEUR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid MGAEUR?

MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_MGAEUR
Open High Low MGAEUR Price Change
0.0002175 0.0002175 0.0002175 0.0002175 0.0000000
Entry Signal

MarketClub’s Trade Triangles for MGAEUR

long term down The long-term trend has been DOWN since Jun 22nd, 2020 at 0.00023111

intermediate term down The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 0.00023111

short term up The short-term trend has been UP since Oct 30th, 2020 at 0.00021613

Smart Scan Analysis for MGAEUR

Based on our trend formula, MGAEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for MGAEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.0002175 0.0002175 0.0002175 0.0002175 0.0000000
Prev. Close Volume Bid Ask Time
0.0002175 2020-10-30 08:14:50
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